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Possible Bullish Inside Day Candle Pattern Detected for Build-A-Bear Wor (NYSE:BBW)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Build-A-Bear Wor (NYSE:BBW) based on the price action in the company's shares. Yesterday's price range of $5.82 and $6.12 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Build-A-Bear Wor may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Build-A-Bear Workshop, Inc. is an interactive and entertainment mall-based retailer that invites guests to create their own customized stuffed animals through a bear-making process. The Company operates various locations in the United States and other countries.

In the past 52 weeks, Build-A-Bear Wor share prices have been bracketed by a low of $3.75 and a high of $9.35 and closed yesterday at $5.88, 57% above that low price. The 200-day and 50-day moving averages have moved 0.86% lower and 0.08% lower over the past week, respectively.

There is potential upside of 104.1% for shares of Build-A-Bear Wor based on a current price of $5.88 and an average consensus analyst price target of $12.00. The stock should find resistance at its 200-day moving average (MA) of $6.34, as well as support at its 50-day MA of $5.48.

SmarTrend is monitoring the recent change of momentum in Build-A-Bear Wor. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Build-A-Bear Wor in search of a potential trend change.

Keywords: bullish am inside day candle build-a-bear wor

Ticker(s): BBW